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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $2,791 |
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,170 | $34,932-76.6% | $56,441-85.5% | $74,546-89.0% |
| Participation rate | 77.0% | 32.9%+44.1pp | 52.5%+24.5pp | 67.2%+9.8pp |
| Annual return | 9.49% | 24.90%-15.4pp | 1704.21%-1694.7pp | 1366.03%-1356.5pp |
| Employer contribution / active EE | $1,084 | $608+78.1% | $1,039+4.3% | $2,624-58.7% |
| Participant deferral / active EE | $954 | $1,173-18.6% | $1,953-51.1% | $4,347-78.1% |
| Admin fee / account holder | $72 | $2,359-97.0% | $2,829-97.5% | $1,944-96.3% |